Bond Connect Flash Report - December 2023

16 January 2024

Highlights of the Month

Northbound Bond Connect yearly trading volume rose 24% to RMB 9.97 trillion in 2023.
In December, the monthly trading volume was RMB 673.7 billion, with monthly average daily turnover standing at RMB 32.1 billion. Chinese government bond is the most popular bond type, accounting for 67% of the trading volume.
ePrime Issuance Service successfully facilitated 5 issuances with total issue size of RMB 6.57 billion equivalent in December. Participating underwriters, listed in alphabetical order, included Bank of China, China International Capital Corporation, China Securities International, CITIC Securities, and Guotai Junan International.
The last session of Bond Connect series event in 2023 featured China CITIC Bank on “China Bond Market Outlook 2024: Market Analysis & Opportunities”, sharing the outlook of China’s macro economy in 2024, analysing the opportunities of China’s bond market and providing market solutions for global investors.
BCCL's revamped official website with enriched content, design and user experience is officially launched, allowing access to the latest updates of connect schemes.
PMIP disclosed the pre- and post-issuance information of 69 primary bonds in December, including policy financial bonds, financial bonds, medium-term notes and commercial papers.

Northbound Investors and Trading Data

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